5 year ARM interest rates at HSBC are published at 4% yielding an APR of 4.166% at the beginning of the loan. 7/1 ARMs are 3.96% yielding an APR of 4.133% to start. The 10/1 ARM interest rates can be had for 4% currently and the APR is 4.134%.

Specifically, the stock price of HSBC dropped sharply to 1.68 down -0.10.